david: sandy wrecking the east coast. all stock markets are closed for a second day. this is historic. a record number of people left without power. nowhere near this much before. homes flooded. roadways blocked and transit systems shut down. new york was hit very hard. the whole region is out of power. we're live on the ground with the very latest. liz: this is ocean city, maryland. obviously the water is still pretty rough out there. we have 15,000 flights that have been cancelled. it's actually closer to 16,000. this is a result of the storm. jetblue chief operating officer joining us with an update live and a look at just how costly this might be to the industry and to his company. david: no airline has more flights coming in and out of manhattan. and with homes destroyed across the east coast, a storm could have a huge impact on the housing market. could the rebuild actually help keep this housing recovery going a little? we will be talking to carl case,

coauthor of the case shiller index. let's get right to the heart of the action as we continue to survey the field here and again this is a a historic storm. it is historic for many reasons. particularly the damage it's done. let's go to jeff flock. he's in point pleasant beach new jersey -- new jersey. i'm wondering if the homeowners are coming back to their houses now and trying to assess the damage. jeff: just talked to a couple of people. people have been waiting in and out. there's a guy down there in boots. some people have waded through in bare feet, believe it or not. i talked to one guy who came in in a boat, rode in a boat and surveyed his house, rode back out. there's no other way to get in. they have cut off access. in fact we can't get out. jimmy, spin around and show them our truck, if you would. those are our trucks that we use to transmit our signal if jimmy plans more to the left, you see the sand in the road.

look at that sand. number of folks have gotten stuck in there. we can't get out to the main road because there's so much sand in the city treats. that is going to have to be moved. -- in the city streets. that is going to have to be moved. there's a lot of work to do. liz: the sand is down 2 blocks. >> more than that, 2, 3 blocks beyond that. there were rivers of water of sand last night. david: but one of the deaths, at least one that we can report on in the new york area was somebody who stepped into a pond that had a downed power line in it. the person was electrocuted to death. you may want to pass that warning on to the people that you saw in bare feet. jeff: fortunately the power has all been cut here. and that's one good thing. these ocean front communities, they cut the power before they start to lose it just so that

sort of thing doesn't happen. liz: jeff flock live there in point pleasant beach new jersey. as you see, some of the pictures here, and jeff, i don't know if you have heard about the aerials that we have gotten in on atlantic city, new jersey. jeff: i've seen them, dramatic. liz: blocks and blocks of homes, first and second floor completely swamped. look at the sand here. bunched up against homes. you can see all of the terraces completely destroyed. you are looking at a bunch of homes that are on that level, sort of on the coast. this is atlantic city, david. and jeff, you can see this as well in your monitor. it is just a horrible situation with firefighters rescuing people. this of course was at the height of the storm when you could really see the action. but reports of people seeing fish floating on their kitchen floors. it is just -- it is stunning, and that as jeff said, blocks from the actual ocean. david: 85% of atlantic city was flooded. 85%. it just begins to count up the damage, the dollar damage of this storm, which clearly is

going to be in the tens of billions if not hundreds of billions. jeff, there's nothing that can replace the people that have been misplaced and in fact 29 deaths. what about the hospitals? we had an awful situation here in new york city where nyu hospital, one of the biggest had to be evacuated. a couple of other facilities close by, like bellview hospital also had to be evacuated. any of that going on there? what about the hospitals? jeff: fortunately most of this was confined to the shore area and the areas near the atlantic so that's not so much because the hospitals are located a little farther west here. i don't know about atlantic city in terms of the hospital situation. i knew they were talking about it as the new orleans of new jersey. it really could be bad there. >> thanks jeff. liz: equity markets here's the deal on that, as far as we know, they are preparing to open tomorrow for the first time since friday. nymex trading floor will open only contingent upon whether the zone a area, that's at the very lower part of lower manhattan is

lifted. as far as the evacuations are concerned. but some futures trading is still remaining up and running. david: but the question is what happens when the markets open? there's been a lot of activity for individual companies and stocks. liz was just reporting on disney, possibly getting lucas films. there's also been some big news with regard to apple. want to bring in scott bauer at the cme group. scott, let's start with apple, if you don't mind. there was a big management shake-up there. the head of the software division who refused to sign this letter of apology concerning the map app and the dysfunction there, resigning or being let go. is all of this going to affect that downward movement that we saw in the stock last week? >> you know, i actually think that the extra day or two off in digesting this news in apple probably will keep apple as one of the few stocks with less volatility tomorrow. apple has a history that when one of their executives, you know, makes a mistake or becomes the fall guy, they're out.

so this is not something new to apple. now, if this would have just come out, you know, overnight and stock trading would have been yesterday or today, we probably would have seen a move in apple. but i think now that the market has time to digest this, they're going to fix the problem in house, like they've done -- like their track record is, i actu actually think that apple will stay pretty stable on the opening tomorrow. now, i don't think so in many other sectors, but for apple particularly, i don't think we're going to see a huge move. liz: how about this for a huge move, walt disney is reporting that it will buy lucas film, of course the owner of all the star wars movies for about 4 billion dollars. they will be absorbing all of the lucas film employees. they are going to get all the star wars movies. they will utilize star wars in other businesses. disney is genius when it comes to marketing extensively. they will be using that in other businesses including their parks and resorts, games and the television business. this has got to affect that stock tomorrow. so it's very frustrating for

people who weren't able to get in on purchasing some of these stocks because equities were closed. do you expect a back up of trades? are you worried at all that there might be some problems, the likes of what we saw in the past? >> here's my concern, is that the retail guy, you know, the public that wants to buy or sell a stock tomorrow, i would absolutely suggest to them let the market sift out what's going to happen. do not participate the first hour or two of trading. let things settle in. i do believe that we're going to see just massive volume tomorrow morning, hopefully there won't be, you know, any sort of flash crash. i don't think there will be. there will be massive volume which in turn is really going to spike volatility in some areas. so for, you know, the guy out there that wants to buy 100 shares of disney or wants to sell, you know, 10 shares of apple, let the market settle in. david: okay, ford motor company, focus in on another stock that reported some extraordinary earnings that they have been making, 1.6 billion third

quarter profit. do you think ford is going to be focused on as a pick? >> i do. i do. i think that the whole auto industry has actually been pretty strong, but ford, this was just complete, complete blowout. i mean this is signalling, you know, maybe a huge recovery coming on in not only in that industry, but for ford. there's going to be huge volume. i would expect that stock to be up a good 10% tomorrow. liz: okay, scott, it is really good to see you. thank you very much. scott i'm sure will be at the ready watching the trading. but it does become a concern here because -- let's just take facebook for example. the volume was very very heavy for facebook and it ended up shutting down the exchange because they couldn't manage to handle it over the nasdaq. the question becomes -- that was one stock. how about the volume coming in from two days of closing. david: whether it's apple or ford, we heard scott say ford might get a 10% jump. when you see that on one stock and not taking into account everything else we have been talking about, you add all that

in, the volume will be immense. storm sandy has destroyed homes all over the eastern seaboard. it's not just new york. what impact could the rebuilding efforts have on the housing market? will it give a boost to an already recovering market? carl case, the coauthor of the case shiller index will be joining us with some information you've got to hear. liz: and some six 16,000 flights have already been cancelled due to the storm, nine airports including jfk, la guardia and newark still closed. what does it mean for the airline industry? and when could we see things return to normal? >> the story from jetblue, the chief operating officer joining us. david: also after many were forced to close their doors for the week, how are restaurants dealing with with the aftermath of the storm? the ceo of dine equity, the owner of applebee's and ihop restaurants all over the country, she will be joining us with the latest of the impact on restaurants. that's coming up right after

this. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the marke he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade.

if you're a man with low testosterone, you should know that axiron is here. the only underarm treatment for low t. that's right, the one you apply to the underarm. axiron is not for use in women or anyone younger than8. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acnen women may occur. report these signs and symptoms to your doctor if they occur. tell your doctor about all medical conditions and medications. do not use if you have prostate or breast cancer. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet, or body swelling; enlarged or painful breasts; problems breathing while sleeping; and blood clots in the legs. common side effects include skin redness or irritation where applied, increased red blood cell count, headache, diarrhea, vomiting, and increase in psa. see your doctor, and for a 30-day free trial,

go to axiron.com.

dili of rockalways beats of the boardwalk that was. the boardwalk that ran along the stretch of the peninsula facing the atlantic ocean. huge rebuilding project. watch lumber companies, would companies, lowe's, home depot, big earth moving companies tomorrow, everything from beer to a japanese search moving co. and caterpillar. >> huge movement in the housing market where 80 to 100 houses burned to the ground. they will try to fix that community as soon as possible especially because one of those belong to u.s. congressman. hurricanes and the grounding 16,000 flights closing nine new york city airports. liz: what does a disaster of this magnitude have on the airline industry? let's go from the industry macro to micro to jetblue. the c o o of the jetblue airways, everyone is saying jetblue is acutely affected if

not the most affected because of your big hub is at jfk and laguardia and you have light everywhere up and down the eastern seaboard. operations going? >> definitely not going up and down the eastern seaboard but tonight we begin the slow process of bringing our aircraft back to boston and we will begin operating a couple departures there for new york, as conditions continued to change particularly with the flooding out of la guardia, the lack of power and facility damage at newark and flooding on the runways at jfk we will be delayed in our start up and as i sit here this afternoon what the team is working on is bringing back operations. half of our departure's thursday into jfk and we will be a little bit of weight and see with newark and laguardia but the port authority doing everything they can to get the runways clear and the infrastructure to operate. dave: where were your aircraft? were any of them damaged?

>> fortunately our preplanning like the mta, moving subways and getting out of harm's way we are prepared on saturday and began to air live aircraft on sunday. a lot of them in florida and the midwest we wanted to get a lot of harm's way because the last thing we want to do with such an asset and our people, state and secure well in advance of the storm, we have no damage there. liz: it is not over. it is hitting cleveland and chicago. that continues to affect airlines but if jetblue offered customers who had to cancel are they offering anything like cancellation fees? >> if jetblue is anything we are flexible and customer friendly. we are going to be extremely generous with our customers in terms of revoking their plans and the first priority when we get back up and running is to get stranded people who are at their midway point back home.

we are currently looking at getting 100% of our schedule back online by saturday and that is a function of how complex it is to get all the pieces back together, all the air crews back where they need to be an crewmembers who work in airports operating again. it will take a couple days to get back to normal. liz: dave: hopefully most of those people who had to cancel their flights during the storm are rebuilding but not everybody will. they're must be a cost to visit you add it up. >> too worthy to think about the total net effect of this from a revenue and cost standpoint but when something has this large a magnitude will have an impact but being behalf glass full people we are we think of we do things right now people will come back over their vacation period. liz: you expect it will. this is a stock-market question. affect the bottom line? what are you anticipating? >> we are still going through the callie list.

until everything is back to normal we won't be able to get an unofficial tally but there is a revenue impact but i would also say with the jet fuel being as expensive as it is today, $3.25 a gallon we are saving money by operating as well. it will definitely be a hit to the company but we hope it will be minimal given the middle of the week impact because we are definitely such a weekend airline. dave: jetblue is a part of the whole northeast united states, new york and boston. best of luck. thanks for joining us. liz: our restaurant handling this? huge demand. some have been closed but along the east coast they were forced to shut their doors due to superstores sandy. how will affect their bottom line? the ceo of dying equity, operator of 2,000 appleby is and i hop restaurants showing us live. dave: the latest case schiller

index showing home prices gained further traction in august with the latest storm keeping the recovery going as homeowners looked rebuild or the opposite effect? the co-author of the s&p case schiller index live in a moment.

dave: new york has been like a ghost town the past couple days which is tough on restaurants who rely on manhattan's foot traffic but it will take awhile for such a hit show on the books and it did not show up on the excellent quarterly reports for donna and equity, owner of

appleby and i hot restaurant brand reporting quarterly profit that beat wall street expectations. how will their sales hold up to superstorm sandy's iraq? joining us is julius. talk about your stock in just a moment. you are anxious because you had great numbers but the storm. any of your restaurants report any damage due to the storm? >> too early to tell. as of yesterday we had 450 restaurants that were closed. today we are down to just under 200 restaurants. first and most important thing is the safety of our employees and our guests but as we reopen the there's pent up demand because there isn't much in the area that is open. dave: they are reopening and the key question is how you get the supplies in. >> it depends on where you are, whether trucks can get in or there's electricity but when those things meat and it is

possible and certainly the safety of our employees is utmost but if they can all come together we are reopening and reopening to incredible crowds of people because in many cases we may be the only thing in town open or people are getting a good hot meal that don't have electricity at their home. dave: does the company try to help them out as best he can and if so how? >> a couple different things. we are 99% franchise so it is really the franchisees' and we put a safety plan an emergency plan in place with all of new england about week ago and that is in full swing, working in every which way. we are doing everything we can with first responders. in many cases we may be feeding the first responders the we had tremendous support from the franchise community and we have been able to work the plan very successfully. dave: let's talk your stock because right now you are hot. you beat expectations. you log on a stock at least in

the restaurant business. how do you get even hotter. some people said you should start issuing dividend. have you thought about that? >> what we talked about with the investment community is let's get through the fiscal 2012 year and in 2013 we would come back and talk about our capital structure and strategy for the long term. at least in the short term it is paying down the debt but we did say we would come back in 2013 and look at the capital structure and see what else we might be able to do but in our business is each day how do you steal market share and do more for the guests and that is the focus. dave: are you concerned about the economy? some people see recession coming. >> we have been talking about this for a couple years and i have been quoted saying it is lumpy and bumpy and i think it will continue to be lumpy and bumpy. what we really focus on is things we can control.

i can't control the economy but i can control a great meal and great price with great service and that is what we are focused on. dave: a lot of your franchise, which is keeping him up at night is obamacare figuring out the deal with obamacare thinking he might put full-time employees on part-time. >> we started at appleby and i hop and spent a fair amount of time to the franchisees' to interpret the law and look at the business and look at what they might be able to do in 2013. doesn't take effect until january of 2014. this look back period which is 2013 becomes important for our franchisees' and each franchisee has a different set of circumstances that has to think of it differently and that is what we are trying to provide,

expertise and a different way of thinking about it but no decisions have been made but we must have a plan a and plan b. dave: got to make this quick but you are close to i hop. i heard you were and i hop server in your teens. it hasn't been doing that great recently. how do you get that cooking again? >> we have had incredible success at i hop and i have every confidence we will go back to that again. we talked about our plan to get back where we need to be and at the forefront is the focus on the menu, to make it easy for guests to look at and greed and reinvigorate with new innovative creative items and that is what we're doing. dave: good to see you, thank you for being here. appreciate it. liz: sandy leaving a trail of destruction across the northeast. will boost the market or bring the housing recovery to a halt? we are asking karl case,

co-author of the case chiller index. the numbers were encouraging but what is next? dave: if hewlett-packard unveiling a new brand of printers. largest upgraded decade but can it get investors excited about the printing business? we give you stuart: at the latest line up and talked to a top executive straight ahead. [ engine revving ]

♪ [ male announcer ] every car we build must make adrenaline pump and pulses quicken. ♪ to help you not just to stay alive but feel alive. the new c-class is no exception. it's a mercedes-benz, through and through. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. david: of course the nature of this storm is that it just keeps hanging around, swirling around the east.

let's get an update on where the storm is heading and who it could hit next with meteorologist janice dean. >> david, we saw landfall 8:00 p.m. across southern new jersey. some of these wind gusts are so impressive. 94 miles an hour. 90 in islip and towards surf city, 89 miles an hour. those winds howl across the midwest, great lakes and ohio river valley even as far south of mississippi and florida. look at this system. it is impressive. you have outer bands still across the atlantic up towards new england. you have snow across west virgina, appalachians region. then you've got the winds in excess of 60 miles an hour across the great lakes and high waves, 20 to 30 feet high for this area. so, you know, this is not just a northeast system. this is going to affect the

midwest, even up into canada feeling the effects of this system. let's take a look at the wind gusts. as i mentioned feeling wind gusts all the way down toward the south. because we have high pressure here centered across portions of the south and we have sandy, what is left of sandy the pressure gradient between those two will stip keep winds in our forecast for much of the eastern seaboard, ohio river valley, great lakes thursday even into friday. back to you. david: thank you very much, janice dean. liz: if you didn't see it there is video we have the stretch of queens homes that caught fire due to electrical explosions. there it is, 80 plus homes including a u.s. congressman's home were burned down. home prices how will they be effected a if at all? what about the rebuild? home prices climbed nationwide for fifth month in a row in august. a latest sign that the real estate sector is gaining strength this year.

david: will mass flooding and devastation inflicted by super storm sandy trigger a setback or a boon to builders? we have karl case from the case-shiller index. he is the coauthor of that report. good to see you, professor. thanks for coming in. overall what do you think the effect of this storm will be on the housing market? >> it is hard to say. it will take some units out that will have to be replaced and they will be replaced i assume. the numbers are not large in terms of the national housing market. it could wreak havoc with our index in new york and new jersey but we dealt with hurricane andrew back in 1972 and we were able to get good indexes out of it. whether it leads to increase or decrease depends on what else happens. i mean there is this movement away from homeownership because people are nervous about owning, if you're renting and have a hurricane, it is the land lord's problem, not yours. so another peers of the bubble of homeownership as

the great dream because it is nightmare in some cases. this is an example of it. liz: okay. so i'm not hearing some real positivety psychologically on the house being market from this storm but let's widen the picture and look nationwide. what we saw for the august case-shiller numbers that home prices continued to increase for the month of august. here is the 10-year picture. you can see not looking that bad. average of .9 of a percent higher for all the regions that you follow. what jumped out at you? which area encouraged you the most? >> well, believe it or not was all the indexes are doing the same thing at the same time. they're based on repeat sales of the same property. we don't want to put them in our index unless we see a closing. the problem with housing is, every unit's different. when you try to price it, you have to, you're looking at a bunch of things that are very different. we use repeat sales of the same property. and, repeat sales if the property's been maintained. so, you know, what stands

out to me is that indexes with completely different data sets in completely different areas are showing the same increase roughly in the, over the last five months. it is really robust. david: can i just suggest an index of our own that we kind of look at to give us and indication how the housing market, that is the number of housing contractors which has come down dramatically, not compared to the peak of the market in 2006 but going back to the early 2000s and here we see obviously 2006 was the height of the market. we had one,650,000 housing contractors. now we have 600,000. it is extraordinary about half as many. fewer houses being built the higher price goes. supply and demand issue. isn't that one of the main reasons prices are going up because so few contractors are building new houses? >> that is huge issue.

you have a finger on the major connection between monetary policy and economy. if you want to stimulate the economy bring down rates. historically housing starts gone up every single time we've done that this time it is a headwind, not a tailwind off gdp you speak of the level, the level is below the 60-year all-time low which was a one month period in 1991 when it got down to 800,000. it has now been below that level, below 800,000 for 48 months. it is now come above it, i said i would break out a half bottle of champagne if it went above 800,000. it finally did. 800,000 is literally 75% reduction in the size of the industry. until that comes back further, i think we won't know. that's, that's production. each house is 250, $300,000 worth of new capital. it is productive activity. it is a huge number of jobs. so it is a terribly

important sector. it is just now beginning to come back. liz: until he brings out the magnum of champagne we can't get too excited. thank you. >> you're absolutely right about supply and demand too by the way. you have to look at the demographics. they're not doing very well. and the price, prices are in part due to supply holding back. supply is constrained these markets in recent months. it is quite a surprise. liz: karl case of the case-shiller index. we thank you very much. the word that he used is robust. at least across many different indexes, not just the case-shiller index. thank you so much. david: thanks, professor. appreciate it. liz: thank you. david: the number of people without power keeps growing by the hour. we have the latest figures and a look when some of these areas could get their power back. liz: when the markets open tomorrow, and they will, that is what the new york stock exchange is saying, one stock unrelated to the storm will be closely watched. hewlett-packard unveiling new printer systems today. the company believes might beef up the belief that the printer business is alive

and kicking and going strong but are people printing that much anymore now that tablet sales are up 66% year-over-year? the man in charge of hp's printing business live when we come back. i'm a conservative investor. i invest in what i know. i turned 65 last week. i'm getting married. planning a life. there are risks, sure. but, there's no reward without it. i want to be prepared for the longaul. i see a world bursting with opportunities. india, china, brazil, ishares, small-caps, large-caps, ishares. industrials. low cost. every dollar counts. ishares. income. dividends. bonds. i like bonds. ishares. commodities. diversification. choices. my own ideas. ishares. i want to use the same stuff the big guys use. ishares. 9 out of 10 large, professional investors choose ishares for their etfs. introducing the ishares core, etfs for the heart of yr portfolio. taefficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com.

ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro.

oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey,ood call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male announcer ] fedex office. now save 50% on banners. at legalzoom, we've created a better place to turn for your legal matters. maybe you want to incorporate a business you'd like to start. or protect your family with a will or living trust. legalzoom makes it easy withtep-by-step help when completing your personalized document -- or you can even access an attorney to guide you along. with an "a" rating from the better business bureau

legalzoom helps you get personalized and affordable legal protection. in most states, a legal plan attorney is available with every personalized document to answer any questions. get started at legalzoom.com today. and now you're protected. david: it is beginning to get dark here in manhattan as you can see behind me. lower manhattan remains really dark after the storm surge flooded the area an knocked out power. fox business's robert gray is live on the scene there. robert, what is the latest? >> hey, david. that's right. still no power down here by and large. a few hundred yards from where the storm surge came above the seawalls last night, the record surge approaching 14 feet. you can see a few remnants from that. there are puddles around me. really the damage was underground. we'll look to that in a second. look above ground the wind doing a lot of damage here. look over here in the playground. you can see a massive tree

totally uprooted by the strong winds down here at new york harbor, at the southern tip of manhattan in battery park, in the lower part of new york city. you can see buildings behind us. normally this time of day you would see most of the windows illuminated. folks still at work obviously. we did not see any lights on in some buildings all day except for a few that were worked by generator. now the wind also tossing around 1000 pound garbage containers. and giant planters you see in the background there which serve as barriers. look farther back there you see water flowinging out onto the street. it is being pumped out of the subways. workers telling us at least seven subway tunnels totally full of water. they're trying to pump it out. unofficially of course looks like it could be a couple of days according to them. the glass building behind us is the staten island ferry terminal. now they will try to get trading underway at the new york stock exchange, the new york mercantile exchange. famously many traders come

over on those ferries and other ferries. we've talked to some workers there again of the record. seems like could be a couple days. we'll see what they're doing. they're working behind us, hard at work trying to get them back to work. we should also note, don't want to give anyone any false hope with you we saw a new york city bus, m-15 select by the way, just pull around. not clear if they were moving it from another area here or not, guys. right now, no power and cell service pretty spotty down here in lower manhattan of the back to you. david: those subway tunnels will smell sweet after they pump out all the water. >> yes, they will. david: robert gray, thank you very much. liz: when stocks begin trading tomorrow a lot of people will want to jump back into their portfolios and move things around. there is a widely-held dow component stock that will be much of the focus. that is hewlett-packard. the world's largest technology company is unveiling its new lineup of printers today. hewlett-packard's two new products are designed to reduce costs for its users. the company hoping to get

investors excited about the printing business which does continue to suffer. joining me now hp executive vice president of printing and personal systems todd bradley. todd, first a question as it relates to the storm. did you consider holding off on the unveiling because of the hurricane because the focus would be on the printers? >> hey, liz. no we didn't, actually. we certainly paid attention to the storm. paid a lot of attention to our employees and our customers and been very, very focused on their well-being, this is global launch. liz: yeah. >> and we're well down the road and very, very comfortable with the environment that we're going to launch into. liz: we should mention that hewlett-packard ships one million printers a week. that is the number i wanted to get out of there first of all, because people say, oh the printer business is slouching. it may be but you're still doing pretty decent business. you have the two new products, office jet pro and laser jet. what is different about them

now? >> you're exactly right. we ship actually two printers every second. so while some of our competitors are clearly, clearly struggling we are very, very focused how we continue to grow the market. we look at page growth by 2015. the world will print 6.2 trillion pages that is a 2% annual growth. when we look at both new laser jet and the new ink products that we have, very, very significant changes it our products and to our business model. our ink in the office model is the same quality as laser printing at lower prices, lower prices for, for ink. and the office, and the, and, the new, the new laser products are really focused on not just competing in the printer space but really in essence think about replacing your file cabinet. we've taken our autonomy software assets and bring a document flow capability

that enables you to store and access all this important documents in your office. liz: beyond the enterprise biz, todd, that would be, businesses like for fox business, we print, david and i have tons of paper all the time but there is this belief. >> thank you. >> you're welcome. some of them are xeroxes i must say but some are hp. is that, people are switching over or at least using tablets in a more meaningful way? numbers are up 66% year-over-year. >> yeah. liz: that tends to mean they're printing less. what are you doing to make sure you capitalize on both the hard printer business and what you were talking about, toner ink, known as the consumeable business? >> sure. well look, i think clearly the growth of tablets is growth of a consumption device be that motion pictures or pictures or videos. but think how many times a day either with your phone or tablet you wish you could just press ant print? today we have over 40 million web enabled printers

deployed in the u.s. and with small businesses and viz. you see us focus as we put printing and pc business together how we facilitate our e-print capabilities much the ability to sit on the tablet and press print in and print in your office, print in your home, print wherever you designate. we know that is enormous, enormous opportunities, enormous opportunity, excuse me, to continue to drive the growth of our products and to really focus on how people live an work today. liz: hopefully for your sake you will start to be able to press and print on a simple page that people want when they see it on their tablet. margins as we finish up here, the printing margins, i don't think people realize this are a lot more hefty than actual pc margins. printing, 15%. pc, four to 5%. what happens next if people do start indeed printing less? >> well, first off there is

no data that supports that. there is a lot of fudd in the world about printing less, but the actual consumption of pages, consumption of our printers and consumption of our broad products says that is not the case. we're clearly in transition and our printing business scans everything from, you know, the printer you have at home up to very, very large format printers that large printing companies use. liz: right. >> to print millions of pages. so, i think, as we see those models change, our focus on r&d, our heritage around r&d and really focusing on r&d that matters to our customers and makes our products more usable helps them drive efficiencies in their office are all things that will resonate and continue to help us grow. liz: well, we're big on consumption page. s this is just one day of stuff. todd, thank you very much for joining us. >> thanks, liz. liz: todd bradley, hp executive vice president, printing and personal

systems. >> millions of folks are without power. we've been telling you the past hour. more outages could be ahead. where? we'll tell you coming straight up.

liz: the number is stunning. eight million people all along the eastern seaboard in the dark in the wake of super storm sandy. david: our adam shapiro is in the newsroom with the very latest on power outages which continue to grow, adam. >> that's right. 8.2 million people across the united states at least from the eastern seaboard over to michigan, ohio, who have lost electricity. among the top six states where people have been impacted of course, new jersey. want to show you a list. this is from the department of energy. they have coordinated with utilities. new jersey, 6.2 million people, no power. new york, 2.1 million no power. connecticut, 626000 people no power. ohio, 267,000 people, no power. and massachusetts, 256,000 people, no power.

when you consider the size of that storm that hit us and it is still creating havoc, it went all the way as far west as illinois because you could see the pictures of the lake there coming up on lakeshore drive in chicago from the high winds. one thing that we're hearing from the utilities it will take at least a week in a lot of cases to get electricity restored. here in manhattan, that substation that blah up and knocked out power to couple hundred thousand people south of 34th street, con-ed said it would take a week to get that restored. the mayor said it would take two or three days. i hope everybody down there is hoping the mayor is correct. back to you. david: one of the most dramatic pictures of the night to see the substation blow up on 14th street. thank you very much, adam shapiro. u.s. equities set to resume trading tomorrow. we have key figures and stocks to watch. are we there yet?

are we there yet? are we there yet? [ male announcer ] it's the question we ask ourselves every day. is it the safest, the most efficient? the kind of vehicle to move not just people... but an industry forward? are we there yet? are we really? [ male announcer ] are we there yet? we are, for now. introducing the all-new seven passenger gl. motor trend's 2013 sport utility of the year. mercedes-benz. the best or nothing. when the doctor told me that i could smoke for the first week... 'm like...yeah, ok... little did i know that one week later i wasn't smoking. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke.

some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. if you notice any of these stop taking chantix and call your doctor right away. tell your doctor about any history of depression or other mental health problems, which could get worse while taking chantix. don't take chantix if you've had a serus allergic or skin reaction to it. if you develop these stop taking chantix and see your doctor right away as some can be life-threatening. if you have a history of heart or blood vessel problems, tell your doctor if you have new or worse symptoms. get medical help right away if you have symptoms of a heart attack. use caution when driving or operating machinery. common side effects include nausea, trouble sleeping and unusual dreams. it helps to have people around you... they say, you're much bigger than this. and you are. [ male announce] ask your doctor if chantix is right for you.

liz: live pictures right now what is called long beach island, new jersey. named so because it is a long stretch of beach with different communities. so many of these areas have been flooded because it is a thin island and the water comes right across from the atlantic ocean over to the bay. names of towns there, love ladies, ship bottom, beach haven, surf city. just water, this, happened, i guess back in 1938 as

well. but you haven't seen it that bad in this long. huge homes along the coast as you can see. many of them with major water, sand and storm damage. david: also sometimes one picture says a lot. we want to show you images we received from our viewers. first of all long island, you heard a lot about tree damage. imagine waking up and seeing this blocking your way to work if you want to go to work. there was a lot of tree damage. that brought down power lines leading to power outage. >> this came from ali. stapleton, long island. this is not a movie poster. she is the girlfriend of one of our audio guys chris. she is standing dwarfed what is a 712 ton tanker. 168 feet long. it was pushed amile away from where it was and right up onshore in staten island of the one of the most stunning sights. david: may not be quite this large but from howard beach,